2 corporate loans toother parties dont look like being repaid Management triedselling off their main asset EP127 - shareholders rejected the sale Now mgmt decide toexplore it - include a massive 5.5m asset impairment recorded on balance sheet Track record ofissuing shares, diluting holders value and wasting equity
Only thing going forit is its cheap, has 1.1m cash + the 20% in Goshawk (who in turn have a 20% JV with Squadron(aka twiggy forrest) SGJV - Squadron Goshawk Joint Venture )
653,618,972 SOI @ 1c = 6.5m MC
GLV Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held